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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

47 Vassar Rd Poughkeepsie, NY 12603

2,000 SF
Property ID
Property summary
AI-generated overview

This exceptional commercial property at 47 Vassar Rd, Poughkeepsie, NY 12603, presents a unique opportunity for a savvy investor. Priced at $225,000, this 2,000 square foot retail space includes a well-established pizzeria and restaurant business, complete with all equipment. The current owners, retiring after 28 years, have cultivated a thriving, community-loved establishment. The sale includes the business name and all existing equipment, offering a truly turnkey operation. The spacious layout features a 44-seat dining room and a 20-seat front area, providing ample space for customers. The kitchen is fully equipped with an 8-burner gas stove, grill, steam table, fryer, one refrigerator and two freezers, two double sinks, a salad bar, multiple coolers, a mixer, an ice maker, a fountain machine, and a cash register. Security is ensured with a CSS system and four cameras. The property also includes a beer and wine license (transferability requirements apply). A 10-year lease remains on the property, providing long-term stability. This is a rare chance to acquire a profitable, established business with significant potential for continued growth in a desirable location. Don't miss this opportunity to step into a ready-made success story.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Goodfellas Pizzeria & Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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